Hungary Had 'Record High' Investments In 2020

  • 29 Dec 2020 9:18 AM
  • Hungary Matters
Hungary Had 'Record High' Investments In 2020
Hungary has “never had such a successful year” in terms of investments as it has in 2020, thanks to the government’s economic promotion schemes, the minister of foreign affairs and trade said on Facebook.

Since the beginning of 2020, the government has provided assistance to a total 1,433 investment projects worth a combined 1,676 billion forints (EUR 4.6bn), Péter Szijjártó said, adding that the government grants had totalled 472 billion forints.

The government-assisted projects have created 12,603 new jobs and helped retain 264,595, Szijjártó said.

The minister also said that 80% of the small and medium-sized companies embarking on investment projects were Hungarian businesses.


MTI Photo

Related links

Investments By Bavarian Companies To Save Hundreds Of Jobs In Hungary

Video: Mercedes Invests HUF 50 Billion To Make Fully-EV Cars In Hungary

Video: Iljin Materials To Build HUF 3.8 Billion Copper Foil Plant In Hungary

Video: IBM To Invest HUF 3.5 Billion In IT Centre Development In Cenral Hungary

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports